CAIRO: The New and Renewable Energy Authority (NREA) is considering four bids from investors to build new solar- and wind-powered power plants to produce 4,000 megawatts daily, an official from the authority told Al-Mal newspaper Tuesday.
The tender is part of a build-own-operate (BOO) system, wherein a private company receives a concession from the private or government sectors to finance, build and operate a new project.
The NREA seeks to pay 74 piasters per kilowatt hour, the official added.
“The authority has plans to use solar power for several years,” the head of the authority, Shaaban Khalaf, told Youm7 Tuesday.
Thermal and wind power will be used for 1,500 megawatts to be added annually to the power grid, Khalaf added, noting that new plants will be established in four areas of the Red Sea, Gulf of Suez, Gabel el-Zait and Western Desert. In Siwa Oasis, a new plant will be built to produce 10 megawatts per hour.
The NREA aims to satisfy 20 percent of the country’s electric energy demand from renewable energy resources by the year 2020, including about 12 percent from wind power and 8 percent from hydro power and solar energy, according to the authority’s official website.